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SUBSEQUENT EVENTS | 12 Months Ended
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Dec. 31, 2016
SUBSEQUENT EVENTS. |
SUBSEQUENT EVENTS | 22. SUBSEQUENT EVENTS On February 1, 2017, the Company acquired all of the outstanding equity interests in Red Wolf Company, LLC, a North Carolina limited liability company (“Red Wolf”), a fabricator, kitter and assembler of industrial systems primarily supporting the global gas turbine market, for approximately $16,500 paid at closing, and up to $9,900 in contingent consideration payable in cash and, at the election of the Company, up to 50% in the form of shares of the Company’s common stock. The operations of Red Wolf will be reported in a new Process Systems segment of the Company. As of February 22, 2017, the initial accounting for the business combination has not been completed, including the measurement of certain intangible assets and goodwill. Acquisition costs for the Red Wolf acquisition were $135. The amounts of pro forma, unaudited net revenues and net income (loss) of the combined entity, before the impact of purchase accounting, had the acquisition date been January 1, 2015 are as follows:
Period |  | Net revenues |  | Net income (loss) |
For the Year Ended 2016 |  | $ 213,218 |  | $ 6,274 |
For the Year Ended 2015 |  | $ 222,501 |  | $ (18,963) |

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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